Report Overview:
The global Fortified rice market is projected to grow significantly over the next decade. It is estimated to reach approximately USD 36.6 billion by 2033, up from USD 20.8 billion in 2023. This represents a compound annual growth rate (CAGR) of 5.8% between 2024 and 2033, reflecting increasing demand for nutrient-enriched food products worldwide.
Rice is a vital staple for over half the world’s population, particularly in Asia and Africa, where it provides a major source of daily calories. In 2023, global rice production reached approximately 800 million tonnes, driven largely by China and India, which together account for over 50% of this output. Urbanization and rising disposable incomes are transforming diets, leading to richer demand for specialty rice varieties like basmati, jasmine, and black rice, as well as convenient formats such as ready-to-eat rice and rice-based snacks.
